The focus of a sell or process further decision is Select one: a. incremental cost. O b. incremental revenue. C. neither incremental revenue nor incremental cost. d. both incremental revenue and incremental costs.

In incremental analysis, the only costs to be considered are O relevant costs. sunk costs. O variable costs. O manufacturing costs.

c. Explain the relationship between contango, cost-of-carry, and convenience yield. d. Explain the relationship between backwardation, cost-of-carry, and convenience yield.

Which format of the Income Statement is appropriate for financial reporting? O Variable costing O Activity-based O Absorption O any format is fine for financial reporting

The “plus” in cost-plus pricing is often referred to as Markup.   Extra profit.   Gross profit.   Margin of Safety.

A cost - based transfer price considers the cost of producing the goods when determining the price. True False

What is meant by incremental revenue or incremental cost?

Variable costing income will be greater than absorption costing income when:   a. Sales is greater than production.   b. contribution pricing is applied   c. Production is less than or equal to sales.   d. Production is greater than sales

Profitability changes may be simply calculated by using what kind of tool: sales price/volume/variable costs/fixed costs.

(Variable cost = Total cost - Fixed cost - Net profit) you have not consider the net profit in the calculation. I think it should be added right ?